The Distortion of Utility Assets
In our broken monetary system, utility assets have been forced to serve as stores of value, creating artificial scarcity and denying their true purpose to society.
The Great Distortion
A house should be a home. A company should produce goods and services. Land should be cultivated. Yet in our current system, these utility assets have been transformed into monetary instruments - a perversion of their fundamental purpose.
The Natural Order
In a healthy economy, things that are useful should become more accessible over time, not less. Technology, innovation, and competition should drive down the real cost of utility assets, making them increasingly available to all.
• Stocks should represent productive businesses
• Land should be for farming or building
• Bonds should finance real economic activity
• Companies should focus on value creation
The Monetary Premium
Instead, our broken money has forced people to seek stores of value wherever they can find them. This creates an artificial premium on utility assets:
• Stock prices reflect inflation hedge, not business fundamentals
• Land prices reflect speculation, not productive potential
• Everything becomes an "investment vehicle" first, utility second
The Social Cost
This distortion creates severe social consequences:
• Productive businesses can't acquire land
• Investment flows to speculation instead of innovation
• Essential resources sit idle as "stores of value"
• Wealth inequality accelerates as assets appreciate
The Flipped Script
We must understand a fundamental truth: utility assets SHOULD get cheaper over time. This is the natural order of human progress. When a hammer becomes more expensive year after year, something is wrong with the money, not the hammer.
The Path Forward
To fix this, we need to separate money's store of value function from utility assets. We need a monetary asset so superior at storing value that it allows utility assets to return to their natural role: serving human needs rather than preserving wealth.
Only then can houses become homes again, companies focus on creating value, and human progress resume its natural course of making useful things increasingly accessible to all.